Your Personal Data is Under Protection!
Dear Customer,
We respect your private life and privacy.
For that reason, in order to ensure that your fundamental rights are protected, we would like to inform you about how your data is utilized and protected further to the Personal Data Protection Act Law No (the Act).
The Overall Scope of the Act
In the Act, we are identified as a “Data Controller”. The Act defines data processing as: any operation which is performed on personal data, wholly or partially by automated means or non-automated means which provided that form part of a data filing system, such as collection, recording, storage, protection, alteration, adaptation, disclosure, transfer, retrieval, making available for collection, sharing with third parties categorization, preventing the use thereof.
The Reasons For Processing Your Personal Data
As per the products and services you may acquire from our organization, we process yours personal data further to the 5th article of the Act:
Why and What For Are We Using Your Personal Data? The Reasons For Processing Your Personal Data*
With Whom and For What Purposes Do We Share Your Personal Data?
If necessary, we will only share your personal data with individuals and organizations permitted by the Act. These people and institutions are listed as follows: In order to carry out financial activities, the persons permitted by the Capital Markets Law and legislation, institutions, institutions considered as financial institutions and other third parties, due to the legal reporting required to be made, such as BDDK, CBRT, MASAK, GİB, SPK, SPL. Public institutions such as TSBP, Borsa İstanbul, Takasbank and Investor Compensation Center and TBB Risk Center, our main shareholder, other persons in the same group of companies as our main shareholder, third parties we intermediate, our subsidiaries and affiliates (For example, eunic-brussels.eui Bank A.Ş.., Garanti Portföy Yönetimi A.Ş., Garanti Yatırım Ortaklığı A.Ş.) are program partner organizations, domestic and foreign banks, and other financial institutions with which we receive or cooperate to carry out our capital market activities.
Where Can We Access Your Personal Data?
Your personal data The channels such as the Head Office, Branches, kiosks, ATMs, Customer Communication Center, Garanti BBVA Mobile and Internet Branch, which are available for you to make transactions at our institution and brokerage firms, order platforms, websites, public institutions and organizations. It can be collected in verbal, written or electronic media through system integrations (such as Identity Sharing System) shared with.
What Are Your Rights Under the Act?
By applying to our Institution at any time:
If your application for these purposes requires an additional cost, you may need to pay the fee amount in the tariff to be determined by the Personal Data Protection Board. Your requests in your application will be finalized as soon as possible and within 30 (thirty) days at the latest, depending on the nature of the request.
In order to exercise your rights under the Act, you can send your applications in writing via your registered electronic mail (REM) address, secure electronic signature, mobile signature or your e-mail address, which you have previously notified to our Institution and registered in our institution's system. You can visit the web page of Personal Data Protection Authority for more information.
* Our organization will update this information in case of any change in the personal data inventory study.
In the event that there is a discrepancy between the Turkish and English versions, the Turkish version shall prevail.
I have read, understood, been informed about, and accepted the explanations given hereinabove.
Is CFD the same as ฟอเร็กซ์ lets find it out. Start with the term CFD refers to a type of derivative called a contract for differences (CFD), which is used to trade the difference in value of the asset being traded.
Foreign exchange or currency transactions are referred to by the term forex, which is sometimes referred to as foreign currency trading, currency exchange, or by the abbreviation FX.
With daily trades of $ trillion or more, the foreign currency market is currently regarded as the largest and most liquid exchange market in the world. This amount is far greater than the sum of the volumes traded on all global stock exchanges. Nevertheless, the CFD market is also extremely large. Therefore, its worth examining both markets even further.
So, are CFDs the same as forex? The answer is no.They are two distinct things. Foreign exchange, sometimes known as forex, is a type of asset based on the relative value of fiat currencies. CFDs, on the other hand, are derivative products that trade according to the amount and direction that the price of an asset takes over a predetermined time period. Forex pairs can be used to create CFDs.
Lets start by laying out the fundamentals of trading currencies. Each currency has a different price based on how popular it is when compared to other currencies. To put it another way, the price of a currency will increase in proportion to how popular it is, and the other way around. Additionally, you may trade all of the main international currencies when you visit a currency with a decentralised market.
You will interact with a diverse group of market participants, ranging from the biggest financial organisations in the world that deal in large-scale transactions to regular citizens who occasionally exchange a few dollars. However, they all want to achieve the same result: to either purchase a currency and then resell it to generate revenue, or they want to sell a currency and then take it back for less.
Moving on to CFDs, these are temporary contracts that draw their price from the overall performance of assets. These assets can be stock prices, indices, commodities, cryptocurrencies, or currency pairings. The phrase underlying asset is used because CFD trading is a common type of derivatives trading in which you dont really acquire the assets. You wont hold these currencies, for instance, if you trade a CFD on the EUR/GBP pair but rather trade based on changes in their price over a specific period of time. A contracts lifespan is often rather brief.
You only need a device with an internet connection and an account for trading to get started. Of course, youll also need to put your skills to use and learn about CFD and forex trading.
There are multiple connections between CFD and Forex trading. First, the trade execution method is the same for both types of trading. Traders can easily enter and exit markets that are rising or falling. Second, the same platform is used to trade CFD and forex and both use similar charts and pricing strategies. Trades are carried out on the over-the-counter (OTC) market in both cases. An OTC market involves a network of banks that operates only electronically and without an actual location or central exchange. CFD and forex trading have another similarity in that there are no commissions or other financial costs involved; the only cost involved is the spread.
Since the trader doesnt really own the underlying asset, this is the main similarity between CFD trading and FX trading. For instance, when buying EUR/AUD, the trader is only speculating on the currency rate rather than buying Euros and selling Australian dollars. The same is true when a trader buys a CFD contract on the FTSE Instead of actually holding the stocks that make up the FTSE index, the trader is speculating on the indexs underlying price. Forex is really just a different type of CFD in many aspects.
The primary distinction between CFD trading and forex trading is that while forex offers currency trading, CFD trading encompasses a variety of contracts that cover a wide range of markets, including indices, energy, and metals. Depending on the nation from where the underlying asset originates, you may choose from a variety of contracts when trading CFDs that have different increment values and currency types. When trading forex, the same lot sizes are always used.
The common elements that tend to impact the various markets are the last difference between CFD trading and forex trading. Certain factors, such as the supply and demand of a particular commodity or shifts in industry trends, are the primary drivers of CFD trading. On the other hand, major developments in the global economy or politics tend to be the key drivers of forex trading.
Studying and exchanging forex pairs and forex pair CFDs can be done in a variety of ways:
Any form of trading requires constant education. Even if you have some experience already, there are always methods to sharpen the skills you have.
You may open a demo account for free with any online forex broker and as you develop expertise, it will be easier to enter more markets. The way you respond to financial gains and losses is one of the most crucial lessons youll ever learn.
As both influence the currencies value, it is also important to understand economics and monetary policy. Online resources for learning more about these subjects include numerous articles and instructional videos.
The last step is to keep a notebook, make objectives, and monitor your progress. The learning process will be more effective depending on how disciplined you are about it.
Trading CFDs and forex has both similarities and differences. A trader can use CFDs, a type of leveraged derivative product, to make speculations on increasing and decreasing prices in a variety of financial markets. However, the forex market is a separate financial market.
Forex is only focused on currency trading, but CFDs provide traders with access to a broader spectrum of assets with leverage. You may trade forex using leveraged derivatives like CFDs.
A crucial point to keep in mind is that all kinds of trading, including forex and CFDs, have a significant level of risk, which must be properly managed. The decision to trade CFDs or forex will ultimately rely on the traders objectives, level of risk tolerance, and investing methods. As a result, its ultimately your choice whether to use CFDs or forex.
Disclaimer:
This information is not considered investment advice or an investment recommendation, but instead a marketing communication. IronFX is not responsible for any data or information provided by third parties referenced or hyperlinked, in this communication.
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